Valrus Ltd has valuated a company engaged in the implementation of road construction projects. The company's property complex includes land plots, several production and warehouse complexes, various structures, office and utility rooms, housing facilities, construction in progress, dozens of units of vehicles and production equipment.
The purpose of the valuation was the sale of shares by one of the shareholders – a foreign investment fund, which was the main investor, but the operational management of the business was carried out by the second shareholder, who, according to the statutory documents and legislation, had the pre-emptive right to purchase at market value.
Each of the co-founders owned half of the business, consequently, the shareholders had conflicting interests both due to the proposed transaction and due to the distribution of their roles.
In the course of our work, we interacted with both shareholders to obtain the information necessary for valuation, establish the specifics of the company's operating activities and financial position, and agree on assumptions acceptable to both parties. In fact, our company acted not only as a valuer, but also as an organizer of constructive interaction between both sides.
We carefully analyzed the company's financial statements, the composition of the property complex and conducted a valuation that reflected the real value of the business, taking into account all its features. The total cost of the business was about 280 million rubles.
Both sides carefully reviewed the results of the valuation and gave their comments, which were often of a different focus on the final results. We managed to achieve agreement on the positions of the parties, as a result of which, based on the valuation, the parties concluded a deal, and the foreign fund accepted and submitted our report to its investors.